Cardano / TetherUSShort
Short-term ADA / USDT analysis on the 1H interval
Hello everyone, let's take a look at the 1H ADA to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.5378
T2 - $ 0.5421
T3 - $ 0.5456
T4 - $ 0.5490
and
T5 - $ 0.5540
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.5319
SL2 - $ 0.5240
SL3 - $ 0.5178
SL4 - $ 0.5117
and
SL5 - $ 0.5027
Looking at the CHOP indicator, we can see that the energy has been consumed in the 1H range, while the MACD indicator shows that the blue line is approaching the intersection of the red line from the bottom, which would confirm the local uptrend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.5378
T2 - $ 0.5421
T3 - $ 0.5456
T4 - $ 0.5490
and
T5 - $ 0.5540
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.5319
SL2 - $ 0.5240
SL3 - $ 0.5178
SL4 - $ 0.5117
and
SL5 - $ 0.5027
Looking at the CHOP indicator, we can see that the energy has been consumed in the 1H range, while the MACD indicator shows that the blue line is approaching the intersection of the red line from the bottom, which would confirm the local uptrend.
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